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How startups outsource their tech without going broke or getting screwed

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How startups outsource their tech without going broke or getting screwed

Credits: Unsplash © Robert Haverly
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By Joe Procopio - 29 September 2020 / 07H05 - Updated 24 September 2020

Should you spend $50,000 to build out your tech? This is not as uncommon a question as you might think. As crazy as it sounds, quite a few entrepreneurs have access to that kind of money. Or at least they think they do.

Trap #1: Don’t spend money you don’t have

Trap #2: Don’t spend all the money you DO have

Trap #3: Don’t build everything at once

Trap #4: Don’t look for a provider, look for a partner

Trap #5: Don’t go into the selection process uneducated

  • How security, privacy, and backups work.

Trap #6: Don’t pay by the hour

Trap #7: Protect yourself

This article was originally published on Medium by Joe Procopio

Joe Procopio is a multi-exit, multi-failure entrepreneur. He is currently the Chief Product Officer at Spiffy, on-demand vehicle care and maintenance startup. In 2015, he sold Automated Insights to Vista Equity Partners. In 2013, he sold ExitEvent to Capitol Broadcasting. Before that, he built Intrepid Media, the first social network for writers. You can read more and sign up for his newsletter at www.joeprocopio.com

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Joe Procopio

29 September 2020 / 07H05
Updated 24 September 2020
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